State Pledge definition

State Pledge means the pledge of the State of Michigan as set forth in Section 10n(2) of the Securitization Law.
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State Pledge means the pledge of the State of North Carolina as set forth in Section 62-172(k) of the Storm Recovery Law.
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State Pledge means the pledge of the State of California as set forth in Section 850.1(e) of the Wildfire Financing Law.
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Examples of State Pledge in a sentence

  • The State Pledge is clearly an inducement offered by the State to investors to purchase the Bonds.

  • And “[t]he tenor” of the State Pledge, as in Brand, indicates that those words were “not used inadvertently or in other than [their] usual legal meaning.” Also consistent with the language at issue in U.S. Trust, the State Pledge names the beneficiaries of the State’s pledge and agreement.

  • Moreover, it is important to note that the State also authorizes an issuer of transition bonds to include the State Pledge in contracts with the holders of transition bonds (such as the Bonds).

  • As such, we believe that the State Pledge is akin to the “financial contract” involved in U.S. Trust, and therefore would not be viewed as an impermissible surrender of an essential attribute of state sovereignty.

  • The State Pledge does not purport to contract away, or constitute a waiver of, the State's power of eminent domain or otherwise restrict the State's ability to legislate for the public welfare or to exercise its police powers.


More Definitions of State Pledge

State Pledge means the pledge of the State of Texas as set forth in Section 39.310 of the Securitization Law.
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State Pledge means the pledge of the State of Florida as set forth in Section 366.95(11) of the Nuclear Asset-Recovery Law.
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State Pledge has the meaning set forth in Section 11.01(a).
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State Pledge means the pledge of the State of Missouri as set forth in Section 393.1700.11
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State Pledge has the meaning specified in Section 2.13.
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State Pledge means the pledge of the State of Louisiana and the Louisiana Legislature as set forth in Section 1234 of the Storm Recovery Securitization Law.
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State Pledge means the pledge of the State of Illinois as set forth in Section 18-105(b) of the Funding Law.
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